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M011TOAOt 0~~~ WITN R~C~IVtASNIP
~ort$u$c ~crb
THIS MORTGAGS DEED e~eecu~ed d?s ~day af Apr i 1 A. D. 19 74
by .TAE COPPOLA COMPANY, a partnership
hereinaEter called the mortgagor. Lo -
JOHN L. LESTER and ROBERT R. COX
he~eiuafter called the mortgagee:
( Whenever used herein tbe ternis `Mo~agor' aad "Mortgagee' include all the
parties to this iasdrument and the he~rs. 1ega1 rcpr~tativas and attigos of
individuals and dre suooessozs and aisi~na of corpontl~ and the cerm '~w~e'
shall include all the notes heroin desc~ibed if nwce tbaa ode. )
WITNFSSETH, dwt for good and valuable ooasideratlons, and ~)so ia oun:ideratlan o~ the ag~r~atie
sum named in the p~omissory note of eve~ date b~rewtth. herdnaf~er desartbed. the mo:t~agoc hereby gcanb.
bargains, sells. alieas, nmises, oonveys suid aonfirms unto the mortgagce all the oertain land of wMch the m~t-
gagor is now seized and in po~ion situate in St . Luc ie County, Florida. ~o-wit:
The East One-Half of Section l, Township 34 South,
Range 39 East, LESS the North 1069.54 feet thereof,
situate, lying and being in St. Lucie County, Florida;
TOGETHER WITH all right, title and interest of Mortgagor
under Paragraph 3 of that certain Agreement dated November 16,
1970, recorded in Official Records Book 188 page 889 of the
Public Records of St. Lucie County, Florida, which said
right, title~and interest have been assigned by Mortgagees
to Mortgagor by Assignment of even date herewith.
Mortgagees in accepting this mortgage do hereby agree to release
' from the lien of same, parcels of Iand of twenty (20~ acres or more,
k from the North boundary of said property, proceeding South
~ beginning at the West boundary and running to the East boundary.
Released parcels shall be contiguous. Payment for releases shall
be based on the amount of $3,100.00 per acre, together with accrued
interest to date of release. Mortgagor will furnish release
instruments and pay cost of recording the same.
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THIS IS A PURCHASE MONEY MORTGAGE . ~'~It ~ st. ~
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'PO HAVE AND TO HOLD the same; togetha with the teaements. hendit~b and appurteaaaoes
thereto belonging and the rents, issues and pro$b tbereof, uab~ tbe mortgsge0. 3n fee simple.
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~ AND t~?e mortgagor aoveoanb with tbe mort$agee tbat tbe matg~gor is ind~asibly u~Ized of
~ said land ia fee simple; that the mortgagor h~ g~ood right aad Isvvful sutho~ity to oonvey said laad as
~ aforessid; thst die mort~a6a~ will make ~cL furt~ ~turaaoes ~o perfect tbe fee simple tide fio said laad
~ ;n tbe mo~tgAgee ~ may reasosnbly be required; tbst the moctg,agoc bereby fully warranb the tttle to
~ said land and wlll def~ the :ame ag,~in:t tbe Lwful dai~n: af all persons wb~vex; aad that ~id lar~d is
free aad dear of sll encumbrswces.
°~225 i~~7
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